How Innovation is Making the Food Business More Environmentally Friendly Guest Blog by Doug Silverstein, Thrive Alliance What a brilliant display of food innovation at the September 24, 2020 Thrive Environment & Sustainability (E&S) Community and Social Impact Advisory Group (SIAG) co-sponsored panel – Sustainable Food for People, Planet, and Profits: How Innovation is Making the Food Business Read More
How to Choose Your Nonprofit’s 403b Retirement Plan Advisor
How do you Choose an Advisor for a Nonprofit 403 B Plan (or a 401 K Plan)? So why establish a Retirement Plan in the first place? 54% of California private sector employees do not currently own a retirement savings account or participate in a pension. We have a looming crisis. In 2016, California passed legislation requiring employers with more than 5 employees to participate in CalSavers by June 2022. Therefore, Read More
What the World’s Richest Woman Can Teach Us About Charitable Giving
As published by NextAdvisorBY Ryan Haar, Staff WriterSeptember 23, 2020Whether you have $25 million or $25 to spare, there’s a lot to learn from how the world’s richest woman, MacKenzie Scott, is donating her fortune. Scott, who was named Tuesday to TIME’s list of the 100 most influential people of 2020, outlined how she divvied up $1.7 billion to different charitable organizations in Read More
The Business of Affordable Housing: Successful Nonprofit & Business Innovation and Collaboration to Address a Bay Area Crisis
The need for affordable housing in the Bay Area was a crisis before the onslaught of the COVID pandemic and the resulting economic recession. The situation become more dire as time goes on, particularly since talks in Congress still are stalled on a new economic relief package. The Social Impact Advisory Group asked experts in the area of housing—nonprofit leaders, real estate developers and investors—about the Read More
The Global Market Portfolio: A Super-Efficient Portfolio as a Foundation for the Disciplined, Purpose-Focused Investor
A once-in-a-lifetime pandemic has unleashed economic chaos about the globe. Economic success in one country seems to elude another. Weak economic indicators don’t seem to affect stock markets meaningfully one day until they do the next. As a result, financial professionals, economists, and investment experts, who have never seen anything like it, are grasping at straws to predict what comes next. Tactical moves to Read More
Thoughts on the Need for a Nonprofit Reserve and Risk Management
Mary Hiland of Inspired Nonprofit Leadership interviews Maya Tussing to discuss nonprofit risk management, why nonprofits need a reserve, how much is required and other insights. INTRODUCTION Welcome to Inspire Nonprofit Leadership, where you'll hear insights and useful strategies as well as lessons learned from other nonprofit leaders and valuable tips from a variety of experts. Here to help you Read More
Nonprofit Risk Severity and Likelihood
In a previous video we defined risk for nonprofits in order to establish a good financial plan. Every risk has two important features: Severity and Likelihood Severity describes degree of pain, loss or pressure that results from a particular risk. And it could be measured in lots of ways: money, health, reputation, time. You name it: if it can be lost, it’s a way to measure risk severity. Low severity risks can be a Read More
Investing in Women: A Direct ESG Approach
Closing the Network Gap for Women and Minority owned businesses First, the entrepreneur’s viewpoint on investing in women Since women represent 50.8% of the population in the U.S., I never thought about investing in women as both necessary and as a gender equality approach. It was not until I was more seasoned in my career that I began to see why - there are very few women in senior positions in the world of Read More
What is Nonprofit Risk?
What you don’t know, can’t expect, or can’t control will hurt you. The recent pandemic has shown us that. Nonprofit organizations that investigate what could go wrong, how bad it could be, and how to prevent or correct problems BEFORE they happen are more resilient when crises hit. This process is called Risk Management. But let’s back up. What is “risk” actually? The textbook definition of Risk is an unintended, Read More
403 B Retirement Plan Rules
“I would like to take an early distribution from my nonprofit 403 b retirement plan so I can quit my job and travel. What are the 403 b distribution rules? What will be the tax consequences if I am unemployed or working free-lance at that point?” Um, what? This was one of the questions I was asked during a financial planning and investment educational session a couple of years ago. Ah, to be in those times once Read More
